Seascale Energy

What Seascale Energy does

Seascale Energy is a Singapore-domiciled marine fuel procurement platform established in May 2025 as a 50/50 joint venture between Cargill's Ocean Transportation business (Pure Marine Fuels) and Hafnia, one of the world's largest product tanker owners and operators. The company aggregates the bunker procurement operations of both parents, processing approximately 7.5 million metric tons of marine fuel annually — a volume that places it among the top 10 global bunker buyers. Its core offering is B2B marine fuel procurement services targeted at shipowners and charterers, with revenue derived from transaction-based commissions on procured volume. All previous members of both Bunker Alliances signed on at launch, with the membership expanding to 53 enterprise customers within nine months of operation.

The platform's product surface includes core procurement services, biofuel solutions (B4–B100 blends compliant with FuelEU Maritime), green methanol procurement, claims management (achieving a 75.6% collection ratio and 35% reduction in claims raised versus pre-Seascale operations), market insights and 24/7 advisory support, and Fuelsure — a data-driven platform developed with Studio 30 50 that aggregates historical transaction data to generate evidence-based supplier and port benchmarks. The company operates globally through offices in Singapore, Copenhagen, Geneva, Houston, and Varna, with co-leadership from Peter Grünwaldt (Hafnia) and Olivier Josse (Cargill) as dual CEOs. Go-to-market is enterprise field sales leveraging the combined networks of both parents, supplemented by industry events, regulatory webinars, and thought-leadership media engagement.

Name

Seascale Energy

Legal name

Seascale Energy

Website

https://seascaleenergy.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

Seascale Energy is a 50/50 joint venture between Cargill's Pure Marine Fuels and Hafnia that provides B2B marine fuel procurement services to shipowners and charterers globally, processing approximately 7.5 million metric tons annually and ranking among the top 10 global bunker buyers.

Ownership category

akta.pro rank

Product category

Marine Fuel Procurement Services

NAICS

Other Support Activities for Water Transportation (48839), Support Activities for Water Transportation (4883)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Conventional Marine Fuel Bunkering (HFO/VLSFO/MGO/ULSFO) (TLAHAKAA)

akta.pro secondary industries

Alternative Low-Carbon Marine Fuels Bunkering (Methanol, Biofuels, Ammonia, Hydrogen) (TLAHAKAC), Marine Bunkering & Port Fuel Supply (EUALAIAG)

Keywords

• Marine fuel procurement
• Bunker procurement services
• Biofuel supply solutions
• Green methanol procurement
• Shipowner fuel services

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Marine Fuel Procurement Services: Seascale Energy generates revenue through marine fuel procurement services, leveraging combined volume of around 7.5 million metric tons to negotiate better terms across all parameters. Revenue derived from bunker procurement commissions and fees based on transaction volume.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Seascale Energy is a marine fuel procurement platform that procures conventional and alternative marine fuels (including biofuels and green methanol) on behalf of shipowners and charterers. It combines the bunker procurement operations of joint venture parents Cargill (Pure Marine Fuels) and Hafnia, giving members access to approximately 7.5 million metric tons of annual purchasing power, 24/7 bunker specialist support, claims management, and regulatory compliance assistance for EU ETS, FuelEU Maritime, and RED III.

Product overview

Seascale Energy operates as a unified marine fuel procurement platform offering a comprehensive suite of services centered on competitive, transparent, and sustainable bunker solutions. The core offering is marine fuel procurement services leveraging combined scale of approximately 7.5 million metric tons annually, supported by add-on capabilities including biofuel solutions (B4-B100 blends and green methanol), claims management, market insights and advisory services, and data-driven procurement tools like Fuelsure. The platform differentiates through transparency, operational efficiency, and support for the energy transition while maintaining regulatory compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Fuel Procurement Services Comprehensive marine fuel procurement services offering transparency, reliability, and efficiency for shipowners and maritime professionals globally. Combines scale, market intelligence, and supplier access to secure better pricing, stronger contracts, and greater operational flexibility through combined purchasing power of approximately 7.5 million metric tons annually.
• Biofuel Solutions Top-tier, fully compliant biofuel options that meet well-to-tank sustainability standards, ensuring compliance with FuelEU Maritime and other environmental regulations. Seascale has facilitated purchases of various biofuel blends (B4-B100) for customers.
• Green Methanol Procurement Procurement of green methanol for dual-fuel vessels, reducing CO2 emissions by up to 70% compared to conventional alternatives. Supports emerging low- and zero-carbon fuel solutions for customers navigating the energy transition.
• Claims Management Streamlined bunker claims management through harmonized processes, closer supplier collaboration, and improved data handling. Seascale has achieved a 75.6% claim collection ratio with net USD value not collected averaging USD 0.08 per metric tonne, and reduced claims raised by approximately 35% compared to pre-Seascale operations.
• Market Insights and Advisory Deep market insights, strategic guidance, and 24/7 support through a broad network of bunker specialists. Includes regulatory compliance guidance for EU ETS, FuelEU Maritime, RED III, and other decarbonization requirements.
• Fuelsure Data Platform A data-driven platform that aggregates and analyzes historical bunker transaction data to generate comparable, evidence-based benchmarks for comparing suppliers and ports, assessing performance trends, and evaluating procurement options based on expected total cost rather than headline price.

Quantifiable outcome

• 35% reduction in claims raised compared to pre-Seascale operations
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core.

• Lloyd's Register AdvisorycoreStrategic or Co-development Partner · 1 May 2025Strategic knowledge partnership focused on low-carbon fuels, FuelEU Maritime, EU ETS, IMO decarbonization measures, and commercial implications of the energy transition. LR Advisory delivered training workshops for Seascale teams in Europe and Asia. Collaboration extends to Bunkering Services Initiative (BSI) for transparency in ARA region.
• Bunkering Services Initiative (BSI)coreStrategic or Co-development Partner · 1 January 2025Founding member of BSI in the ARA (Amsterdam-Rotterdam-Antwerp) region. Technology-enabled, independently audited framework promoting transparency in bunker procurement and delivery processes. Collaboration with Lloyd's Register.
• Studio 30 50 (Fuelsure)coreTechnology or IntegrationCollaboration with innovation studio 30 50 to develop and commercialize Fuelsure, a data-driven platform for marine fuel procurement transparency. Seascale contributes transaction data, procurement expertise, and commercial insights. Platform currently in pilot phase with commercial rollout planned through 2026.
• Cargill's Ocean Transportation (Pure Marine Fuels)coreOthersJoint venture partner equally owning Seascale Energy. Cargill's Pure Marine Fuels division provides global reach, trading strength, and maritime operational excellence. Contributed customer base and expertise to the JV.
• HafniacoreOthersJoint venture partner equally owning Seascale Energy. Hafnia is one of the world's largest owners and operators of product tankers. Contributed Hafnia Bunker Alliance customer base and operational excellence to the JV.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cockett Marine Oil: Cockett Marine Oil is an independent bunker supplier focused on physical supply and procurement services to shipowners — competing with Seascale for the same marine fuel procurement mandates.
• Monjasa: Monjasa is a leading independent bunker trader with global operations supplying marine fuels to shipowners and charterers — a comparable procurement-and-supply model to Seascale Energy.
• Peninsula Petroleum: Peninsula Petroleum is a major independent bunker supplier with global presence, supplying conventional and alternative marine fuels to shipowners and charterers — directly overlapping Seascale's procurement and supply activities.
• Minerva Bunkering: Minerva Bunkering is one of the largest independent marine fuel suppliers globally, offering procurement, supply, and alternative-fuel solutions to shipowners — directly comparable to Seascale in business model and customer base.
• KPI OceanConnect: KPI OceanConnect is a digital-first marine fuel procurement platform serving shipowners and charterers globally, offering transparency-driven bunker procurement and integrated alternative-fuel options — directly competing with Seascale's procurement-led model and Fuelsure-style data analytics.
• GAC Bunker Fuels: GAC Bunker Fuels (part of GAC Group) provides marine fuel procurement, supply, and quality services globally — overlapping directly with Seascale's shipowner-focused bunker procurement offering.
• Bunker Holding (Dan-Bunkering): Bunker Holding is one of the world's largest bunker traders with physical supply capabilities, serving shipowners similarly to Seascale but at a much larger scale and broader portfolio, including alternative fuels.

Broad incumbents

• World Fuel Services: World Fuel Services is a large, publicly-listed global fuel and marine energy supplier offering bunker procurement, alternative fuels, and a broad portfolio across aviation, land, and marine — competing with Seascale across marine fuel procurement but at much greater scale.
• Shell Marine Products: Shell Marine Products is the marine fuels division of integrated major Shell, supplying conventional fuels and a growing portfolio of biofuels and LNG to shipowners — a broad incumbent competitor with structural advantages Seascale cannot match.
• TotalEnergies Marine Fuels: TotalEnergies Marine Fuels is the bunker arm of integrated major TotalEnergies, offering physical supply of conventional and alternative marine fuels — competing with Seascale but with refinery integration, balance-sheet scale, and proprietary biofuel blends.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/seascale-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seascale Energy